SIR Capital Management L.P. Invests $29 Million in Antero Resources Corporation $AR

Key Points

• SIR Capital Management acquired 825,364 shares of Antero Resources in the second quarter, valued at approximately $29 million. The position represents 3.3% of SIR Capital’s portfolio and about 0.27% of Antero’s outstanding shares.
• Institutional investors and hedge funds collectively own 83.04% of Antero Resources, with several firms increasing their holdings in recent quarters.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $48.31, versus an opening price of $37.89.

SIR Capital Management L.P. acquired a new stake in Antero Resources Corporation (NYSE:AR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 825,364 shares of the oil and natural gas company's stock, valued at approximately $29,003,000. Antero Resources makes up 3.3% of SIR Capital Management L.P.'s portfolio, making the stock its 6th biggest position. SIR Capital Management L.P. owned about 0.27% of Antero Resources at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Annandale Capital LLC boosted its stake in shares of Antero Resources by 0.4% during the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company's stock worth $2,475,000 after purchasing an additional 300 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Antero Resources by 16.7% during the fourth quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company's stock valued at $73,000 after buying an additional 301 shares during the period. Brooklyn Investment Group lifted its stake in shares of Antero Resources by 2.0% during the third quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company's stock valued at $529,000 after buying an additional 305 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Antero Resources by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company's stock valued at $293,000 after buying an additional 343 shares during the period. Finally, IFP Advisors Inc boosted its position in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock worth $31,000 after acquiring an additional 345 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on AR shares. UBS Group lifted their target price on shares of Antero Resources from $50.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Morgan Stanley restated an "overweight" rating and set a $49.00 price objective on shares of Antero Resources in a report on Wednesday, August 19th. The Goldman Sachs Group lowered their price objective on Antero Resources from $46.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Barclays dropped their target price on Antero Resources from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. Finally, Texas Capital upgraded Antero Resources to a "strong-buy" rating in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $48.31.

Antero Resources Price Performance

Shares of NYSE AR opened at $37.89 on Tuesday. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The business has a 50-day moving average of $35.15 and a 200-day moving average of $36.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 10.89 and a beta of 0.34.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company's operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero's portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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